United

Bitcoin ETF

Bitcoin

<ul>
 <li><strong>At the time of writing, Bitcoin is trading at $37,400, up 2.59% in the last 24 hours.</strong></li>
 <li><strong>The bulls are eyeing to break over the $38,000 level, despite multiple failed attempts.</strong></li>
</ul>
<p>Grayscale has filed a fresh prospectus for its ambitions to transform its Bitcoin Trust into a spot Bitcoin ETF after a meeting with the United States <a href="https://thenewscrypto.com/upcoming-closed-door-sec-meeting-stokes-speculation-on-ripple-settlement/" target="_blank" rel="noopener noreferrer nofollow">SEC</a>. The prospective rebranding of GBTC’s ticker was disclosed in a fresh prospectus submitted on November 22.</p>
<p>Grayscale’s updated filing contains revisions and adjustments to the risk elements and disclosures, condensed from its prior submission. The decision was made after a discussion between Grayscale’s management, legal counsel, and the U. S SEC.</p>
<p>The amount of <a href="https://thenewscrypto.com/bitcoin-bears-takeover-amidst-binance-turmoil/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> in circulation that was last active on-chain at least a year ago has hit an all-time high of 70.35%, according to statistics recorded by Glassnode. The previous high was 69.35% in July.</p>
<p>Moreover, Bitcoin’s hash rate has hit an all-time high (ATH), showing the network’s greater resiliency ahead of next year’s much-anticipated halving event. This means that Bitcoin mining hardware throughout the globe is completing 491 quintillion hash operations per second, as reported by Blockchain.com on Wednesday.</p>
<h3 class="wp-block-heading" id="h-bulls-striving-hard">Bulls Striving Hard</h3>
<p>Although the United States has been applying regulatory constraints on the crypto sector, it has remained largely steady. At the time of writing, Bitcoin is trading at $37,400, up 2.59% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is down 21.73%. The price found support at $36,880 yesterday, after which it started a brief rebound.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="630" height="380" src="https://thenewscrypto.com/wp-content/uploads/2023/11/BTC_1M_graph_coinmarketcap-1.png" alt="" class="wp-image-86244" srcset="https://thenewscrypto.com/wp-content/uploads/2023/11/BTC_1M_graph_coinmarketcap-1.png 630w, https://thenewscrypto.com/wp-content/uploads/2023/11/BTC_1M_graph_coinmarketcap-1-300x181.png 300w" sizes="(max-width: 630px) 100vw, 630px">
  <figcaption class="wp-element-caption">
   Source: <a href="http://CoinMarketCap.com" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>
  </figcaption>
 </figure>
</div>
<p>The bulls are eyeing to break over the $38,000 resistance level, despite multiple failed attempts. If the price manages to go above $37,900 level then it will rise towards $39,010 resistance level. However, if the price falls below $36,120 level then it will likely test $35,240 support level.</p>

Bitcoin Witnesses Brief Uptick as Overall Crypto Market Turns Green

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